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Related Party Transactions (Tables)
 12 Months Ended
Dec. 29, 2019
Related Party Transactions [Abstract]  
Summary of Significant Transactions between Company and The Coca-Cola Company

The following table summarizes the significant transactions between the Company and The Coca‑Cola Company:

 

 

 

Fiscal Year

 

(in thousands)

 

2019

 

 

2018

 

 

2017

 

Payments made by the Company to The Coca-Cola Company for:

 

 

 

 

 

 

 

 

 

 

 

 

Concentrate, syrup, sweetener and other purchases

 

$

1,187,889

 

 

$

1,188,818

 

 

$

1,085,898

 

Customer marketing programs

 

 

144,949

 

 

 

145,019

 

 

 

139,542

 

Cold drink equipment parts

 

 

28,209

 

 

 

30,065

 

 

 

25,381

 

Brand investment programs

 

 

13,266

 

 

 

9,063

 

 

 

8,582

 

Glacéau distribution agreement consideration

 

 

-

 

 

 

-

 

 

 

15,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments made by The Coca-Cola Company to the Company for:

 

 

 

 

 

 

 

 

 

 

 

 

Marketing funding support payments

 

$

98,013

 

 

$

86,483

 

 

$

83,177

 

Fountain delivery and equipment repair fees

 

 

41,714

 

 

 

40,023

 

 

 

35,335

 

Presence marketing funding support on the Company’s behalf

 

 

8,002

 

 

 

8,311

 

 

 

4,843

 

Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers

 

 

5,069

 

 

 

9,683

 

 

 

10,474

 

Cold drink equipment

 

 

-

 

 

 

3,789

 

 

 

8,400

 

Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility)

 

 

-

 

 

 

1,320

 

 

 

30,647

 

Conversion of bottling agreements

 

 

-

 

 

 

-

 

 

 

91,450

 

Portion of Legacy Facilities Credit related to Mobile, Alabama facility

 

 

-

 

 

 

-

 

 

 

12,364

 
Summary of Liability to Estimated Fair Value of Contingent Consideration The following table summarizes the liability recorded by the Company to reflect the estimated fair value of contingent consideration related to future sub‑bottling payments to CCR:

(in thousands)

 

December 29, 2019

 

 

December 30, 2018

 

Current portion of acquisition related contingent consideration

 

$

41,087

 

 

$

32,993

 

Noncurrent portion of acquisition related contingent consideration

 

 

405,597

 

 

 

349,905

 

Total acquisition related contingent consideration

 

$

446,684

 

 

$

382,898

 

 
Minimum Rentals and Contingent Rental Payments

The minimum and contingent rental payments related to this lease were as follows:

 

 

 

Fiscal Year

 

(in thousands)

 

2019

 

 

2018

 

 

2017

 

Minimum rental payments

 

$

3,510

 

 

$

3,511

 

 

$

3,509

 

Contingent rental payments

 

 

1,015

 

 

 

927

 

 

 

877

 

Total rental payments

 

$

4,525

 

 

$

4,438

 

 

$

4,386